Aviva Investors has completed the forward funding of 189 new single-family homes in Houghton Regis, Bedfordshire.
The deal, part of Aviva’s partnership with Packaged Living, marks the 10th single-family housing development between the two organisations, increasing the total fund commitment to more than £500 million since 2021.
The mix of 177 two, three and four-bedroom houses, plus 12 two-bedroom apartments, is within Phase One of Linmere, a 610-acre major mixed-use development on the north-west outskirts of Houghton Regis, being delivered by Land Improvements Holdings.
The wider scheme at Linmere is expected to eventually comprise more than 5,000 homes and 1.5 million sq ft of commercial space and resident amenities, including schools, parks, health centres, a supermarket, sports facilities and community spaces.
The 189 units will be constructed by Dandara Homes, making this the partnership’s fifth single-family-housing development to be delivered by the housebuilder.
Houses will target an EPC A rating and meet a minimum B rating as well as a BREEAM Residential accreditation.
The all-electric homes will have air source heat pumps, solar panels and battery storage and every house will feature its own EV charging infrastructure.
James Stevens, head of real estate investment for Aviva Investors, said: “With more than £500 million already invested in UK single-family housing, this is another example of our ambition to deploy more into the sector.
“We are very pleased to support the delivery of new homes at Linmere and to contribute towards the creation of a new, amenity-rich community for residents.
“By making energy-efficiency a central feature of these homes and making use of modern heating solutions, we believe this is another example of how our investment activity can help families get ready for the future whilst also delivering long-term outcomes for our investment portfolio.”
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